Assume That an Appliance Manufacturer Is Employing Variable Resources X

question 13

Multiple Choice

Assume that an appliance manufacturer is employing variable resources X and Y in such amounts that the MRPs of the last units of X and Y employed are $50 and $90, respectively. Resource X can be hired at $100 per unit and resource Y at $40 per unit. The firm

• A)should hire less of X and more of Y.
• B)should hire more of both X and Y.
• C)is producing with the least-costly combination of X and Y but could increase its profits by employing more of X and less of Y.
• D)is using the least-costly combination of X and Y but could increase its profits by employing less of both X and Y.

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Definitions:

Clinician

A healthcare professional who works directly with patients in diagnosing and treating illness, conducting clinical research, or providing psychological therapy.

Personal Constructs

The mental frameworks and beliefs that individuals use to interpret events and understand the world around them.

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Ideas and feelings that are not in immediate awareness but can influence behavior and decision-making.

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Emotions that are unconsciously excluded from conscious thought or awareness, often due to their discomforting nature or conflict with one's self-image.